About This Webinar
Shariah Compliant E-wallet: Prospects & Challenges
E-money/e-wallet offers a one-stop digital ecosystem platform which provides financial services, insurance, healthcare or travel services, and creates new jobs and enable the monetisation of payments services at a reduced cost compared to the traditional banks.
With advancements to mobile technology, e-money/e-wallet operators can utilise customer data to offer personalised products and services such as automatic bill payments, goods ordering, delivery services and various services customisation. Furthermore, they can also incorporate loyalty rewards and help customers track their spending patterns.
The Central Bank’s Guidelines on e-money/e-wallet contain provisions on safeguarding users’ funds, depending on the nature of the scheme. Hence, the main Central Bank’s regulatory objective is to promote the safety and soundness of e-money/e-wallet schemes. The Guidelines outline the broad principles and minimum standards to be observed by e-money/e-wallet issuers concerning the operation of e-money/e-wallet schemes.
On top of that, approved issuers of Shariah-compliant e-money/e-wallet are required to comply with sections 28(1) and (2) IFSA in issuing a Shariah-compliant e-money. Accordingly, all operations, businesses or activities of such approved issuers need to be Shariah compliant.
This webinar offers an opportunity for the participants to gain a better understanding of the recent developments of e-money/e-wallet as well as the legal framework and Shariah perspective of e-money/e-wallet. There will also be a panel discussion on the challenges faced by operators of e-money/e-wallet by industrial players.
Prof. Dr. Ashraf Md Hashim
Dr. Marjan Muhammad
Dr. Tuan Badrul Hisyam Tuan Soh
En. Mohd Mokhairi bin Sitam
Safiudin Ahmad Fuad
28 October 2020 | Shariah Compliant E-wallet
Special Early Bird Discount: 20% (Normal Price RM 50)
at least 3 participants or more